Who is running NU at the various Grameen investing companies?
Each funding company has created a NU Division within its headquarters with dedicated staff for the Division. It is headed by a senior executive. The Division has project selection and evaluation unit, finance and accounting unit, MIS unit, problem shooting unit, management unit. The Division has field staff based in the rural areas where Grameen bank borrowers live. They are thoroughly trained before they are allowed to start their work.
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What is Nobin Udyokta (Young Entrepreneur)?
“I should never seek a job in my life; my mission in life is to create jobs. I am not a job se...
How many investments were made so far?
1398 Nobin Udyokta projects (upto july, 2015) have already been presented. 1051 Nobin Udyo...
Have you already successfully exited some of the businesses? What are the actual/expected failure rates?
The NU program has been initiated recently and oldest project is about a year old. We need to wait f...
How many jobs created per USD invested (expected)? Are there any other social impact targets?
In the case of Grameen Telecom Trust the total investment, as on February 2015, is about half a mill...
Are SBs 100% owned by the investor even if the entrepreneur co-invests?
These are all conventional profit-making businesses. None of them are social businesses. The entrepr...
How does an investment contract look like / is there one? (eg. Non dividend, covenants, reporting requirements)
Yes, there is an agreement. We can send you a translated version. Investor’s equity is non-div...
How does the 20% fee fit the SB definition?
The 20% fee is called the share transfer fee. This is to cover the cost associated with the services...
How is NU initiative positioned from a communication perspective versus Social Business and MFI?
NU is a social business of the investor. But it is a conventional business for the NU. NU gets equit...
Do NUs aim to be financially self-sustainable? (fund and opex perspective)
NU has to be a business success to be able to buy off all the shares of the investor....
Who are the target group in case of NU?
Grameen bank borrowers’ children (18-35 years old) male or female is the target group of the N...